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Legal Regulation On P2P Online Lending Platforms

Posted on:2017-09-13Degree:MasterType:Thesis
Country:ChinaCandidate:L M KongFull Text:PDF
GTID:2346330536469830Subject:Law
Abstract/Summary:PDF Full Text Request
The first P2 P online lending platform was founded in Britain in 2005,and in the following decade online lending has swept the whole world with the rapid development of internet technology.In China,ppdai.com is the first P2 P online lending platform established in 2007,and after that such platforms have been developing and expanding fast.The urgent credit loan needs of small and micro businesses,private businesses,and individuals are met by them which were neglected by traditional finance institutions.Meanwhile,individuals are provided with new investment platforms.On the other hand,tremendous legal risks exist in these Chinese P2 P online lending platforms due to the uncertain legal status and unregulated inner management,as well as inadequate legislation and ineffective supervision.This disorder and unregulated development of private lending business is in urgent need of governmental and legal supervision.This paper researches on effective legal regulations on P2 P online lending platforms by clarifying definitions,ratifying their legal status,and straightening up legal relations and legal risks.
Keywords/Search Tags:P2P, private online lending platform, legal relation, legal risk, supervision
PDF Full Text Request
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